P-38 NATIONAL ASSOCIATION (EIN 954173977) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

HOWARD RAMSHORN

Phone

9516008366

Tax Period

2020-01-01 to 2020-12-31

P-38 NATIONAL ASSOCIATION, founded in 1987, is a micro nonprofit that reported $39K in total revenue in fiscal year 2020. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6K, a strong 15% operating margin.

Mission

PRESERVATION AND PERPETUATION OF THE MEMORY OF THE CLASSIC WWII AIRCRAFT, THE P-38 LOCKHEED LIGHTENING AND THOSE WHO DESIGNED, BUILT, MAINTAINED AND FLEW IT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $39,057

Program Service Revenue $0

Investment Income $2

Other Revenue $76

TOTAL REVENUE $39,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,162

Other Expenses $33,130

TOTAL EXPENSES $33,130

Year-over-Year Comparison

	2020	2019	Change
Revenue	$39,135	$21,428	+0.8%
Expenses	$33,130	$43,404	-0.2%
Net Income	$6,005	$-21,976	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART NEWMAN	President	5.00	Officer Director	$0	$0	$0
SCOTT FREDERICK	Vice President	5.00	Officer Director	$0	$0	$0
JAMES BRIDGES	Secretary	5.00	Officer Director	$0	$0	$0
HOWARD RAMSHORN	Treasurer	5.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2020	$39,135	$33,130	$225,451	$6,005

P-38 NATIONAL ASSOCIATION